CHARACTERISTICS OF THE LABOUR MARKET IN THE NEW EU MEMBER STATES

Alina Georgeta Glod
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Alina Georgeta Glod: Centre of Financial and Monetary Research " Victor Slavescu", Author-Name: Mosneanu, Elena Ana
Authors registered in the RePEc Author Service: Alina Georgeta Ailincă ()

Studii Financiare (Financial Studies), 2009, vol. 13, issue 1, 100-108

Abstract: In this article, the authors aimed to capture the main features of the labour market in the new EU member states in the current context of economic and financial crisis which put its imprint on the economies of countries analyzed. It could be noted that in the New Member States (NMS), although they have been important steps to implement measures to provide a better integration of social and labour market policies, however, the results are below expectations. An explanation for this state of affairs is the low level maintenance in all NMS of the share of expenditure on labour market policies and education in GDP of the countries examined, compared with the EU27 average. In the actual global context, in all New Member States the labour market has suffered a series of structural changes, labour directing towards attractive fields, being noticed that the labour market records a greater flexibility concerning wages and a lower one concerning employment at the national level. Lack of effective concrete measures in the plan of public policies, that could be successfully undertaken, can make "attractive" fields to be more risky from the perspective of losing jobs.

Keywords: unemployment rate; economic growth; workforce employment rate. (search for similar items in EconPapers)
JEL-codes: E24 J01 J08 J21 (search for similar items in EconPapers)
Date: 2009
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